Strive Preparatory Schools (EIN 202562193) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Phone

7208373544

Tax Period

2024-07-01 to 2025-06-30

Strive Preparatory Schools, founded in 2005, is a major nonprofit in the Education sector that reported $102.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $97.2M left a modest 5% surplus.

Mission

SUCCESS FOR EVERY STUDENT THROUGH A DEMANDING EDUCATION OF HIGH STANDARDS, STRUCTURE & ACCOUNTABILITY; RMP PREPARES STUDENTS FOR EDUCATIONAL SUCCESS FROM ELEMENTARY THROUGH HIGH SCHOOL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,668,201

Program Service Revenue $82,516,964

Investment Income $992,822

Other Revenue $393,681

TOTAL REVENUE $102,571,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,818,231

Fundraising Expenses $1

Program Expenses $78,259,108

Other Expenses $34,402,948

TOTAL EXPENSES $97,221,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,571,668	$92,663,539	+0.1%
Expenses	$97,221,179	$88,941,626	+0.1%
Net Income	$5,350,489	$3,721,913	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

902

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,295,251

Total Directors

Key Employees

$181,863

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charlotte Brantley	Board Secretary	2.0	Officer Director	$0	$0	$0
Patrick Donovan	Board Chair, Treasurer	2.0	Officer Director	$0	$0	$0
Jemal Takele	Board Member	2.0	Director	$0	$0	$0
Marlon Marshall	Board Member	2.0	Director	$0	$0	$0
Ulysses Estrada	Board Member	2.0	Director	$0	$0	$0
Indrina Kanth	Chief Growth Officer	40.0	Officer	$190,410	$28,519	$218,929
Karla Lindgren	Chief Legal Officer & General Counsel	40.0	Officer	$214,087	$32,954	$247,041
Tricia Noyola	Chief Executive Officer	40.0	Officer	$484,902	$46,434	$531,336
Yana Smith	President, People and Business	40.0	Officer	$266,928	$31,017	$297,945
David Xiao	Head of Finance and Planning (END DATE FEB 2025)	40.0	Key Emp	$156,159	$25,704	$181,863
JACOB HEREDIA	HEAD OF FINANCE (START DATE APR 2025)	40.0	Key Emp	$0	$0	$0
Adam Lenzmeier	Executive Director of Schools	40.0	Highest	$163,872	$21,395	$185,267
Austen Kassinger	Executive Director of Schools	40.0	Highest	$181,693	$20,375	$202,068
Edward Krankowski	Managing Director, MTTS & SPED	40.0	Highest	$146,395	$24,219	$170,614
Justin Scott	Chief Schools Officer	40.0	Highest	$182,961	$25,112	$208,073
Karen Hanssen	Executive Director of People Experience	40.0	Highest	$159,984	$23,038	$183,022

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$102,571,668	$97,221,179	$44,626,096	$5,350,489
2024	$92,663,539	$88,941,626	$37,371,154	$3,721,913
2023	$58,204,623	$60,231,488	$31,611,653	$-2,026,865
2022	$53,208,791	$55,177,516	$15,420,405	$-1,968,725
2021	$54,741,372	$45,965,711	$16,366,153	$8,775,661
2020	$48,290,514	$47,531,057	$13,094,297	$759,457
2019	$45,515,931	$45,362,220	$6,896,940	$153,711
2018	$42,522,729	$48,956,308	$6,803,888	$-6,433,579

Strive Preparatory Schools